|
GAP PROTECTION
Theft - Fire -
Flood - Collision
GAP Protection is intended to
bridge the "GAP" that exists between the payoff from your
personal automobile carrier and the amount still owed on
your loan to your financial institution.
 |
Why Do I Need
GAP Protection? |
| |
Higher
Automobile prices, longer loan terms, smaller down
payments are some of the reasons consumers are turning
toward GAP Protection for peace of mind. |
|
|
What Can Happen
Without GAP Protection? |
| |
Did you
know that with the total loss of your vehicle you may be
left owing thousands of dollars that your personal auto
insurance does not cover? It's true! Insurance company
payoffs are very often lower than the loan amount left
on your vehicle, and that amount comes out of your
pocket! Not only are you left with the inconvenience of
being without your vehicle, you could be stuck paying
thousands of dollars on a car you don't have anymore.
And it goes without saying that the payoff is never
enough to buy a replacement vehicle.
|
Example of how GAP Protection can save you thousands.
 |
| EXAMPLE | | AMOUNT YOU OWE ON YOUR CAR | $20,000 | | AMOUNT INSURANCE WILL PAY | $16,500 | | YOUR OUT-OF-POCKET COST | $3,500 | | | YOUR OUT-OF-POCKET COST WITH GAP | $0 |
|
|
|
What Is The
Best Way To Avoid Out-of-Pocket Expenses? |
| |
With
GAP Protection, the total loss of your vehicle will
be made easier to manage. Exorbitant out-of-pocket
expenses are gone and the payoff is
eliminated. In many cases, GAP Protection will
even pay your individual deductible as well. Now that's
an easy pill to swallow! |
|
|
When Am I Most
At Risk? |
| |
The
benefits of GAP Protection are most evident
during the first few years of ownership when the value
of your vehicle declines rapidly. |
|
|
|
View a Video About Finance
GAP Protection
 |
|
 |
Whenever
you are driving, you'll like the secure feeling of knowing that
you are protected by the Gap Protection
Plan.
|
|
